Fertitta acquires Lake Charles casino

Tilman Fertitta has acquired what will become his fifth Golden Nugget.

He purchased the Casonio Resort and Hotel in Lake Charles. The facility is under construction, according to a press release from Landry’s, the Houston-based restaurant and casino company of which Fertitta is sole owner.

It will be rebranded as the Golden Nugget Hotel and Casino and be next door to L’Auberge Lake Charles Casino Resort.

The Lake Charles Golden Nugget, which is about two hours from Houston, will have almost 800 rooms, a golf course, spa, boutiques and restaurants including Vic & Anthony’s and Grotto.

Fertitta acquired the casino from Pinnacle Entertainment, according to the Las Vegas Review-Journal. Pinnacle owns L’Auberge.

The purchase price was not disclosed. Fertitta said in the press release he will invest close to $600 million in the project.

The Lake Charles Golden Nugget is expected to open next year.

There are also Golden Nuggets in Las Vegas and Laughlin, Nev., Atlantic City, N.J. and Biloxi, Miss.. Golden Nugget Casinons are a division Landry’s .